All Forum Posts by: Jorge Castillo

What is y'alls favorite way of finding deals?

Quick background: I have a few rentals at the moment - kind of used the brute force method and put 20-25% down on each of them and a couple of them turned into BRRRRs (left some $$ in the deal but not as much as I would have buying at market price). That being said one of the quick realizations I made was how using your own money slows your velocity down significantly. So I've come to the crossroads where I am hoping to get more deals faster (ie: more leads).

Here's what I've got so far:

Cold calling - not going to lie, I straight up don't have the time, discipline or willpower to do this lol

Websites: Auction.com/HUDhomestore (just closed on a HUD home for a new primary residence - awesome place!). Foreclosure.com (I think it basically compiles a list of foreclosures for a monthly fee).

Sheriff Sale/Auctions - don't know how comfortable I am bidding on places that I can't verify the title on. I would be comfortable doing this through auction.com, I just need a way to verify there are no existing leins on the property. I'd have to offer a very low price since the property is "As is" and unseen. 

Propstream (will likely start a direct mail campaign and door knock on the properties that are close to where I live) - I will have this narrowed down by neighborhoods I am interested in. Still need to research on what criteria to use to filter properties and make lists, then skip trace. Costs $99/mo for the service plus I will probably budget 4-5k for initial marketing. 

Other investors - (FB Marketplace/Property Managers/Bandit signs) - Searching places that are for rent on FB marketplace and calling the owner, talking with my current PM and seeing if any landlords are looking to sell their properties, calling the number on bandit signs and seeing if they have anything for sale 

MLS - decent deals seem to be rare or I need my realtor to start essentially low balling very frequently until something sticks

Wholesalers - My networking is the lacking part - I'm on a few FB groups but 99.9% of the stuff is complete garbage. Got one guy that is pretty good, but he only sends a deal every few months. 

I'm about to finish the rehab on my new primary home and will have a sweet office set-up. Hoping to really get going once we get settled in so I'm trying to get prepared and set up now. 

What methods do you all like the most? Which seem to have the most success? How do you formulate your lists on propstream? Favorite criterias to use to filter the best properties? Any insight you all have on any of the methods you personally like to use would be awesome. Thanks!!

I personally use these guys which i like to recommend a lot as I promise to them if I was able  to see leads and most importantly valid ones. They charge me $7/hr the right after 5 agents i got a discount to $6 and its good price cus they also speak spanish so i dont leave leads on the table ...wwwphoneboothnicaragua.com